Stock markets acquired on Monday on the positive news that the coronavirus pandemic may be decreasing in some parts of the world
, promising to investors that global business will resume.German stocks lead European gains with the DAX index growing more than 4 percent. France’s CAC 40 was up three percent, while Britain’s FTSE 100 increased over two percent.Stock markets also increased strongly throughout Asia, completing higher in Japan, Australia, Hong Kong and South Korea. Markets in mainland China were closed for a public holiday.
“Like the rest of the world, monetary markets are looking for any slivers of hope,” Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, informed CNN. He included the positivity could be short lived, adding that recently’s US tasks numbers reveal that the infection is wreaking “practically unimaginable havoc on the world’s economy.”
The international market healing comes as death rates slowed in Spain, Italy and New York City. In the United States, which is the hardest-hit country, President Donald Trump said he was hopeful the nation might be seeing a “leveling-off” of the coronavirus crisis in some of worst affected regions.
“We see light at the end of the tunnel. Things are taking place,” Trump stated, warning that still, the United States would reach “a horrific point” in terms of deaths.
Internationally, coronavirus cases are nearing 1,300,000 with deaths surpassing 69,000. The US has more than 336,000 contaminated, with more than 9,000 people dead.For more stories on economy & finance check out RT’s service area Source